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KPMG in Switzerland examines recently published guidance from the Swiss Federal Social Security Administration regarding its interpretation of the amount of equity compensation that should be subject to Swiss social security for individuals who change their social security country of coverage between the dates of grant and the taxable event. However, the lack of clarity regarding the practicalities of how to apply the new guidance, and seemingly contradictory provisions compared to prior guidance regarding transitional rules, could lead to further confusion for companies trying to determine how to best foster compliance with the authorities’ requirements. Included in this report are some helpful steps that may assist with appropriate consideration of the important issues arising from this development in Switzerland. For more details, read this Flash International Executive Alert.

KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.